Compare your salary to that of your peers employed by similar institutions. NASFAA’s updated Salary Model allows you to enter a number of 2011-12 variables that have been found to be important in determining salary ranges for various positions in a financial aid office. The model will generate a custom report that measures your salary level against other positions at institutions operating in similar circumstances.
The Salary Model is based on data collected from a survey of NASFAA members conducted November through December 2012. The results of this survey are fully described in the NASFAA Salary Model Report: Key Factors That Impact Salaries of Financial Aid Staff. The report provides an overview of the parameters used in developing the Salary Model and helps you interpret your results.
There are two versions of the Salary Model - a short abbreviated model and an enhanced model. The short model does not require additional data gathering. The enhanced model requires some additional data gathering from the 2011-12 award year, but will provide a better calibrated estimation of salaries. The following data are required for the enhanced model:
This calculator is based on data from a survey of financial aid offices, and is intended to serve as a benchmark for what institutions are actually paying, not what they ought to be paying. Thus, if the salaries of the surveyed institutions are less than optimal, then the averages predicted through this normative model will also be less than optimal.
If all or some of these questions can be answered, please have the information readily available before using NASFAA’s 2012 Salary Model. If the information is not available, you may still use the shorter, abbreviated salary model.
Publication Date: 4/25/2013